NSTY Holding Hiring! Full Time Finance Executive in Federal Territory - Ricebowl

Company Description NASTY Holding is a Malaysian-born global group that creates and scales modern consumer brands across FMCG, beverages, fashion, and cosmetics. The company operates as an end-to-end ecosystem for brand creation, supporting brands from initial concept through global distribution. Originating as a local flavor company, NASTY Holding has evolved into a family of brands recognized worldwide for creativity, quality, and authenticity. Guided by changing consumer needs, the group focuses on being meaningful in selected categories while demonstrating that Malaysian-born ideas can successfully connect with international markets.

Role Description

The role is responsible for the full spectrum of finance operations for the F&B business, including maintaining accurate financial records across cash, bank, accounts payable/receivable, and general ledger entries for all outlets and central kitchen operations. It includes preparing timely financial statements and management reports in line with MFRS standards, monitoring food and beverage cost, wastages, gross profit margins, and inventory valuation, and providing actionable financial insights to management. The role also covers daily sales and POS reconciliation across outlets, supplier and vendor account reconciliation, cash flow monitoring, and ensuring compliance with SST, licensing, and other regulatory requirements applicable to the F&B industry. Additionally, the role requires effective use of ERP/accounting and POS/inventory systems to streamline processes and maintaining up-to-date standard operating procedures for financial systems and workflows.

Key Deliverable / KPIs

• Financial Record Keeping:

a. Maintain accurate and up-to-date financial records, including cash & bank, accounts payable, accounts receivable, general ledger entries, and journal entries across all outlets and the central kitchen/commissary. b. Ensure timely and accurate recording of all financial transactions, including sales, purchases, invoices, payments, and expenses.

c. Reconcile daily outlet sales against POS/cashier reports, bank statements, credit card and e-wallet settlement reports, and other financial accounts regularly to identify discrepancies and ensure accuracy.

d. Liaise with outlet managers, central kitchen, and other stakeholders to ensure financial records are complete in a timely manner.

• Financial Reporting:

a. Prepare monthly, quarterly, and annual financial statements in accordance with Malaysia Financial Reporting Standards (MFRS).

b. Generate various financial reports, including income statements, balance sheets, cash flow statements, outlet-level P&L, and budget vs. actual analysis.

c. Track and report food and beverage cost (COGS), gross profit margin, and wastage/spoilage variance by outlet and by product category. d. Provide financial analysis and insights to management to support strategic decision-making, menu pricing, and outlet performance evaluation.

• Accounts Payable and Receivable:

a. Manage accounts payable functions, including processing supplier invoices (food, beverage, and packaging suppliers), verifying expenses, and ensuring timely payments to vendors and suppliers.

b. Monitor accounts receivable aging (including corporate/catering clients and delivery platform receivables) and follow up on overdue payments, coordinating with sales and operations teams as necessary.

c. Reconcile accounts payable and accounts receivable balances, including delivery platform (e.g. GrabFood, Foodpanda) settlement statements, to ensure accuracy and completeness with external stakeholders' SOA.

• Inventory and Cost Control:

a. Monitor stock movement, perform periodic stock counts, and reconcile physical inventory against system records for raw materials, semi-finished, and finished goods.

b. Review recipe costing, portion control, and pricing to support gross profit targets.

c. Investigate and report on significant stock variances, wastage, and spoilage.

• Financial Systems and Process:

a. Utilize accounting, POS, and inventory management systems effectively to streamline processes, improve efficiency, and maintain data integrity.

b. Maintain a good record of standard operating procedures and ensure they are kept up to date.

c. Support compliance with SST, food & beverage licensing, and other regulatory requirements.

Qualifications

• Strong foundational knowledge in Finance and experience working with Financial Statements.
• Proficiency in Financial Reporting, including preparation, analysis, and reconciliation of financial data.
• Solid Analytical Skills to interpret financial information, identify trends, and support decision-making.
• Practical understanding of Goods and Services Tax (GST) and related compliance requirements.
• Bachelor’s degree in Finance, Accounting, or a related field; professional certifications (e.g., ACCA, CPA) are an advantage.
• Familiarity with accounting software and ERP systems, along with strong Excel skills.
• Attention to detail, strong organizational skills, and the ability to meet deadlines in a fast-paced environment.
• Effective communication skills and the ability to work collaboratively with diverse teams.
• 1-3 years relevant experience.